The Pakistan Stock Exchange (PSX) continued its bullish momentum on Thursday, reaching a historic peak amid growing confidence in a staff-level agreement with the International Monetary Fund (IMF) for a $1 billion loan tranche.
The KSE-100 index surged by 1,330.22 points, reaching a record-breaking 119,304.24 during intraday trading — a 1.13% increase. This followed Wednesday’s rally, where the index gained 972.94 points, closing at 117,974.03.
Trading volumes remained robust, with 544.2 million shares valued at Rs32.31 billion changing hands. Out of 315 companies participating in the market, 208 saw gains, 102 recorded losses, and 5 remained unchanged.
Investor optimism grew after the IMF delegation, led by Nathan Porter, concluded its visit to Islamabad and Karachi, making significant progress in talks with Pakistani authorities. Discussions centered on fiscal consolidation to reduce public debt, maintaining tight monetary policy to control inflation, energy sector reforms, and the implementation of Pakistan’s structural reform agenda.
The IMF also acknowledged advancements in Pakistan’s climate reform initiatives under the Resilience and Sustainability Facility (RSF), designed to mitigate natural disaster-related risks. The anticipated agreement is expected to further strengthen investor confidence, boost market activity, and support economic stability.
